SELEX Communications S.p.A. THE CODE OF ETHICS

accordance with any prescribed mandate whilst utilising inter-company synergies toachieve the common goals.The circulation of information within the Group shall be in accordance with theprinciples of truthfulness, loyalty, correctness, completeness, clarity, transparency andprudence and shall occur with observance of the autonomy of each company and of itsspecific area of activity.9. EXTERNAL RELATIONSHIPS9.1 Relations with Authorities, Public InstitutionsRelations with Authorities and Public Institutions – national, local, international andpertaining to the European Union - shall be conducted in full compliance with allapplicable laws and regulations as well as with the principles set forth in the Code ofEthics and internal protocols, in order not to compromise the integrity and reputation ofthe interested parties.Particular care and attention must be used in any transactions regarding: tenders,agreements, authorizations, licenses, concessions, applications for and/or managementand utilization of funding under any denomination whatsoever originating from a publicauthority (whether domestic, European Union or international), management of orders,relations with surveillance authorities and other independent authorities, social securitybodies, bodies in charge of tax collection, bodies established to deal with bankruptcy,civil, criminal or administrative proceedings, access and use of IT and electronic systemsor data as well as electronic documents.In order to guarantee clear and straightforward relations, contacts with internationalcounterparts shall be exclusively between authorized persons and in such a manner as toguarantee fairness and traceability of the contact.9.2 Relationships with political and trade union organizationsSELEX does not fund any political parties, either in Italy or abroad, their representativesand candidates, nor promotes conferences or parties which have the exclusive purpose ofpolitical propaganda. It refrains from making any direct or indirect pressure onpoliticians.SELEX does not make contributions to organizations, with which there may be a conflictof interest (for instance to trade unions, environmental or protection of consumers’interest associations); however, it is possible to cooperate with such organizations, evenfinancially, for specific projects based on the following criteria:- purposes connected to SELEX strategies on organizational and training matters;- clear and documented resources’ destination;- explicit authorization from the functions responsible for the management of suchrelationships in Selex.Page 12 of 20